Tution fees from student parents

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Pivate
1492 Points Posted on 13 April 2022
Dear Sir,

Tution fees received from student,s parents by Google pay earlier we have received by Cash its any issues from bank or it department can we pay any tax please suggest
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On 13 April 2022 at 18:41 Report
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Quick Summary
This discussion clarifies the tax implications of receiving tuition fees from students' parents via Google Pay, as opposed to cash. It confirms that such payments are acceptable and can be declared as tuition income when filing income tax returns. Even if your annual income is below the taxable threshold, filing an Income Tax Return (ITR) voluntarily can offer other benefits.

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CFO- at NHTF
58280 Points Posted on 14 April 2022
You can pay tax and no issues
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On 14 April 2022 at 07:12
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Chartered Accountant
5010 Points Posted on 14 April 2022

You can show its part of your tution income while filing your income tax return. 

 

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On 14 April 2022 at 12:44
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Pivate
1492 Points Posted on 14 April 2022
Rs. 23900 received via bank annual income is 1 lac 27 thousand so need to file ITR due to annual income is less then BEL I never filed ITR
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On 14 April 2022 at 18:28
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CFO- at NHTF
58280 Points Posted on 14 April 2022
If annual income is less than BEL then it is not required to file ITR but you may file it voluntarily for other benefits
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On 14 April 2022 at 19:29

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